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Multi-Family and Apartment Investing

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Sam Alon
  • Fayetteville, AR
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NWA 117 units in 3 different location didn't sold in auction

Sam Alon
  • Fayetteville, AR
Posted Nov 2 2016, 13:34

Hello BP members,

I found 3 multifamily auction's around my house but i had only one week to bid, so I tried to find out everything possible which lead me to an older action  for all three and the starting bid was $1,000,000.

so i set my goal to bid 15,000-18,000 per unit with more than 95% occupation and average rent price of $400, anyhow i didn't made the bid and they didn't sold them yet.

my question is what next can make an offer to the broker?

do i need to wait for the next auction?

thanks in advance 

Sam

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